Latest News from Turkey
Zelenskyy and Erdogan Hold Security Talks in Istanbul
Ukrainian President Zelenskyy arrived in Istanbul for discussions with President Erdogan on security ties, energy security, and peace efforts in Ukraine and the Middle East. They reached agreements on new steps in the security sphere amid Black Sea tensions. Erdogan assured continued Turkish support for Ukraine-Russia negotiations.
Turkey Releases Official Inflation at 2% Monthly Despite War Effects
Turkey reported 2% monthly inflation amid impacts from the Iran war, drawing arched brows from observers. Central bank actions include halting easing at 37% and lifting overnight rates near 40% to support the lira. Policymakers defend steps as investors eye possible rate hikes.
Turkish Policymakers Defend Economic Steps; Rate Hike Possible
Central Bank Governor Fatih Karahan and Finance Minister Mehmet Simsek met investors in London, expressing confidence in measures against Iran war fallout. They halted easing, raised rates, and used reserves to back the lira amid soaring energy prices. Investors anticipate a hike at the April 22 policy meeting if war persists.
Turkish and Syrian Foreign Ministers Discuss Bilateral Ties and Regional War
Turkish and Syrian foreign ministers held a phone call on bilateral relations and the regional war. Discussions covered ongoing conflicts and cooperation amid tensions. This reflects Turkey's active diplomacy in the Middle East.